Tom de mark sequential monitor for nifty50 stocks

vivektrader

In persuit of financial independence.
@ ST sir, does VEDL appear already reversed (if it holds till EOD the way it is now)?


Vivek
 
@ ST sir, does VEDL appear already reversed (if it holds till EOD the way it is now)?


Vivek
Looks like but it wont give a low risk entry now.. I am also scared to get into companies like VEDL which do not have a good track record of corporate governance...so take it as a trading bet,but not a investment stock.

ST
 

travi

Well-Known Member
Vivek bhai, setup candle 9 has breached TDST lines with a wick, does you still reffer this as a perfected setup. Though other qualifier are there.
Plz advice
Thanks
bhai, this is Sell Setup breaching a Previous Buy Setup TDST ress line.
In a momentum stock, this is expected to happen as we are going through the roof.

What you may have confused with, is, if a bar pierces its own setup, then we consider it cancelled.
so for ex.
in current Sell setup bar 2 to 9, if those had Lows below the TDST support, then you have such cases.

Just to remember, Perfected setup, Bar 8/9 High ( or subsequent bars ) should be higher than H of bar 6-7 of that setup.
 
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vivektrader

In persuit of financial independence.
Vivek bhai, setup candle 9 has breached TDST lines with a wick, does you still reffer this as a perfected setup. Though other qualifier are there.
Plz advice
Thanks
Perfection has nothing to do with breach of TDST line, nor is it a qualifier for countdown.
Perfection means that high of 8 or 9 should be higher than high of 6 and 7.
Perfection has practically very limited applications.

Vivek
 

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